QV Investors Inc. Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

QV Investors Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,255 shares of the company’s stock after selling 670 shares during the period. QV Investors Inc.’s holdings in PepsiCo were worth $3,610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PEP. Proquility Private Wealth Partners LLC raised its position in PepsiCo by 1.1% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after purchasing an additional 57 shares during the last quarter. Amplius Wealth Advisors LLC raised its position in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares during the last quarter. Darwin Wealth Management LLC raised its position in PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after purchasing an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in PepsiCo by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares during the last quarter. Finally, Cassia Capital Partners LLC increased its stake in PepsiCo by 1.5% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after buying an additional 63 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PEP. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Barclays lifted their price objective on shares of PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and an average target price of $188.23.

PepsiCo Price Performance

PepsiCo stock traded down $0.51 during midday trading on Friday, hitting $169.14. The company’s stock had a trading volume of 4,410,447 shares, compared to its average volume of 6,063,366. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock’s 50-day moving average price is $168.85 and its 200-day moving average price is $167.70. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a market capitalization of $232.48 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.99%. PepsiCo’s dividend payout ratio is 77.02%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.